little boy in xmas.jpg (618193472)

Step 3: Make the ask

It can be awkward at first to ask that your family and friends forego traditional gifts and give college savings instead, but the small discomfort can be so worth it! 

Here’s a suggestion for how to approach the ask:

Dear Family and Friends,

Gifts are never expected but if you would like to give a gift to Jackson  for Christmas, here are a few ideas:

1. Books

2.  A contribution his IDeal—Idaho 529 College Savings Account

(Be sure to include the gift code and web links or printed vouchers to make it simple for the gifter).

3. An experience, like ice skating.

Step 4: Thank your gift givers

Following up is the most important step. Be sure to send a personalized thank-you when people gift to your child’s 529. Handwritten notes are especially prized, but any type of thank-you note gives you the opportunity to express your gratitude and to explain how important the gift is to your long-term education goals. 

There are many creative ways to involve the kids in the thank-you as well: 

  • If they can write or draw, include their thank-you note with yours.
  • Host a video-call or send a video for kids who aren’t big enough to write a thank-you just yet.
  • Take a picture of your child with the money or the check and a big smile. 

These types of personalized responses send the message that your gift was appreciated and that your child was indeed excited about it. Many times family members just want to see your child’s face light up. This is a great reminder that other things besides toys can make that happen!

Ascensus Broker Dealer Services is the distributor of IDeal - Idaho College Savings Program. Learn more about Ascensus Broker Dealer Services, Inc. on FINRA's BrokerCheck.

Important Legal Information

By clicking on one of the social media icons, you are leaving the IDeal website, maintained by Ascensus College Savings, and are being redirected to a social media site solely maintained by the Idaho College Savings Program Board (“Board”). Ascensus Broker Dealer Services, Inc., the program manager for IDeal, does not monitor or endorse the Board's social media activities. All IDeal social media activities are the sole responsibility of the Board.

Mr. Thiros is a registered representative of Ascensus Broker Dealer Services Inc., 877-529-2980, 95 Wells Ave, Newton MA (member FINRA/SIPC) and is not employed by the State of Idaho.

For more information about IDeal - Idaho College Savings Program ("IDeal"), call 866-433-2533 or click here to obtain a Disclosure Statement. The Disclosure Statement discusses investment objectives, risks, charges, expenses, and other important information. Because investing in IDeal is an important decision for you and your family, you should read and consider the Disclosure Statement carefully before investing. Ascensus Broker Dealer Services, Inc. ("ABD") is Distributor of IDeal.

Please Note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

IDeal is administered by the Idaho College Savings Program Board ("Board"). ABD, the program manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. The Vanguard Group, Inc. ("Vanguard") serves as Investment Manager for IDeal. Sallie Mae Bank serves as the Savings Portfolio Manager for IDeal. IDeal's Portfolios invest in either: (i) mutual funds offered or managed by Vanguard; or (ii) an FDIC-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in IDeal are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.

Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in IDeal, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.

Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May lose value.